Piper Sandler analyst Alexander Goldfarb upgraded Newmark Group Inc (NMRK) to Overweight from Neutral with a new price target of $13, up from $7. The upgrade is based on expectations of strong leasing and capital markets growth in 2024, optimism due to an easing rate environment, and tenants competing for top-tier space. NMRK is also expected to benefit from loan portfolio sales as lenders reposition capital. The Fed's recent rate cuts are anticipated to positively impact real estate, with lower rates potentially healing the transaction market and encouraging the housing market. NMRK's shares rose 4.62% to $10.53.